Since market’s October low, S&P 500 Tech sector’s forward
P/E (blue) has soared by nearly 46%, while forward EPS
(orange) are still down |
00:01 -
01/06/23 |
|
|
|
|
|
|
Turkey
(orange) is the polar opposite of Brazil (black). Brazil has
big trade surpluses, while Turkey runs deep deficits. Now
consider this: in real effective terms, Brazil's Real is
down -34% in the last 10 years, almost as much as Lira
(-48%).
Brazil is massively undervalued... |
|
|
|
|
|
US Home Prices Show Annual Decline For First Time Since 2012 |
|
|
|
|
|
10 out of the 20 cities in the case-shiller 20-city index
reported price declines over the last year, the most since
2012. The 20-city index was down YoY for the first time in
13 years. |
|
|
|
|
|
China’s manufacturing activity contracted for a second
straight month in May, providing more evidence the post-Covid
recovery in the world’s second-largest economy has slowed |
|
|
|
|
|
|